OREANDA-NEWS. On August 04, 2008 The Supervisory Board of VAB Bank appointed Yuriy Klimov as Deputy Chairman of the Management Board responsible for corporate business, reported the press-centre of VAB Bank.

Mr. Klimov has extensive track record with Russian and international companies. Before joining VAB Bank, for 5 years, he occupied managerial positions with Alfa-Bank, one of the largest Russian banks. There he worked as Head of Bank Products Development Department, Director of Corporate Business Department and for the last 2 years held the position of Senior Vice-President. Before that, Mr. Klimov also worked with ABN AMRO (Moscow) and Siemens Financial Services (Moscow).

Yuriy Klimov graduated from Department of Economics at Volgograd State University and Vienna University of Economics and Business Administration with the Master's degree in Economics.

Commenting the new appointment, Peter Baron, VAB Bank Chairman of the Management Board, expressed confidence that Yuriy Klimov’s professional skills will help VAB Bank to successfully develop VAB Bank’s corporate business and achieve the best results.